504-5

Table 2

Participation Patterns of First-Time
Full-Time Dependent Students of Differing

Income Levels in GSL
Academic Years 1980-81 to 1983-84

Family Income

ACADEMIC YEAR

LESS THAN $10,000
$10,000 THRU $19,999
$20,000 THRU $29,999
$30,000 THRU $39,999
$40,000 OR MORE
TOTAL

1980-81
AWARD AVG. % AIDED % OF COST
$1 ,268 13.9 32.6
$1 ,491 20.6 36.3
$1,698 24.8 40.9
$1,830 24.8 42.9
$2,023 20.0 43.2
$1,689 21.5 40.1

1981-82
AWARD AVG. % AIDED % OF COST
$1,557 18.5 34.9
$1,719 25.4 38.1
$1,927 30.4 42.8
$2,048 30.7 44.5
$2,161 25.6 42.4
$1,930 27.0 41.5

1982-83
AWARD AVG. % AIDED % OF COST
$1 ,636 24.0 34.9
$1,704 27.6 35.4
$1 ,833 27.6 37.4
$1,782 23.5 35.1
$1 ,830 11.8 31.6
$1,771 22.4 34.5

1 983-84
AWARD AVG, % AIDED % OF COST
$1,631 25.4 32.5
$1,740 27.8 33.7
$1,841 29.3 34.8
$1,817 25.3 33.0
$1 ,846 13.0 29.1
$1,791 23.4 31.7

KEY: AWARD AVG. = Average Dollars Awarded Per Recipient
% AIDED = Number of Recipients * Total Students
% OF COST = Award average * Average Cost

SOURCE: See E.1 above.
average of $2,048 In FY 1981 but on average took a loan of only $1,817 In